When the market finally drops, watch what everyone does.


They panic buy puts for "protection."
Which bids put premiums UP
So they're paying the MOST for downside insurance right as stocks finally got CHEAP.
That's backwards.
A falling market isn't when I buy protection.
It's when I SELL puts & get paid fat premium to buy great companies on sale.
Insurance is expensive when everyone's scared. So sell it to them.
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